Technical analysis:
1. EMA (moving averages):
• EMA(7), EMA(25), and EMA(99) show an upward trend. The price is above all three lines, indicating a bullish movement.
• EMA(7) (6,738) — short-term support.
2. Volumes:
• The trading volume for 24 hours is 42.5 million USDT, indicating high trader activity.
• Increased volumes confirm the upward movement.
3. Price:
• Current price: $6,813.
• Maximum in 24 hours: $6,997 — this is almost testing the $7.00 level.
4. Strong levels:
• Support: $6.22 and $6.38 (EMA(25)).
• Resistance: $7.00 — a significant psychological level.
Potential developments:
1. Break of the $7.00 level: If volumes are maintained, an upward break with a target of $7.20–$7.50 is possible.
2. Pullback: If the break does not occur, a pullback to levels $6.38 or $6.22 is possible, which may become buying zones.
Fundamental factors:
1. Interest in the TON ecosystem:
Increased attention to the Toncoin blockchain ecosystem, including decentralized applications, creates long-term growth potential.
2. Binance Support:
Listing on Binance and high trading volumes enhance confidence in the coin.
3. Risks:
• Volatility of the cryptocurrency market.
• Possible profit-taking, which will lead to short-term decline.
Forecast:
• In the short term (1–2 weeks): if the price breaks $7, growth to $7.20–$7.50 is possible.
• In the long term, provided that interest in the ecosystem is maintained, Toncoin may continue to grow.
It is recommended to monitor volumes, EMA dynamics, and overall sentiment in the cryptocurrency market.
